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Persistent Systems’ shares dropped significantly following its announcement to acquire German digital engineering firm Nagarro for approximately EUR 1.27 billion. While this move aims to boost European presence and revenue, analysts express concerns about near-term growth and profitability impacts due to the premium acquisition price and Nagarro’s weaker financial performance. The deal, financed by a…

Waaree Energies shares fell nearly 5% after a US Customs ruling triggered concerns over reputational impact despite the company’s clarification. JM Financial retained its ‘Add’ rating, saying downside may remain limited, though tariff outcomes, appeals and potential spillover effects remain key factors to monitor.

Hexaware Technologies shares rose sharply on Monday after the IT services company became an Anthropic Authorised Reseller for Amazon Bedrock. The designation allows Hexaware to sell, integrate and support Claude AI models for enterprises, strengthening its AI offerings and expanding its enterprise-focused generative AI capabilities across multiple industries.

Global markets are entering a critical phase, with central bank decisions now taking center stage after a volatile first half. Investors are keenly awaiting the U.S. jobs report and remarks from Federal Reserve Chair Kevin Warsh for clues on interest rate policy. Meanwhile, eurozone inflation data and UK political shifts add to market uncertainty, while…

South Korean chip stocks are experiencing a temporary dip, not an AI bubble burst, according to EM-Equity Strategist Adrian Mowat. He attributes the volatility to strong earnings revisions driven by tight supply and demand. The next phase requires companies to show AI-driven revenue growth and cost reductions. Indian IT firms could see sentiment improve by…

Qualcomm is transforming into an AI infrastructure leader, targeting growth in data centers, automotive, and IoT. Success depends on execution, competitive positioning, and reducing reliance on smartphone chip revenues.

The company plans to utilise the proceeds for the acquisition of Falcon Yarns, funding the working capital requirements of Falcon Yarns and general corporate purposes.

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…